Nestlé is reportedly exploring a sale of Blue Bottle Coffee.
Reuters, citing three unnamed sources, reports that Nestlé has hired an investment bank to review options for Blue Bottle, including a sale. Nestlé bought the Oakland-born chain in 2017. It now runs about 78 US cafes and dozens more in six other countries. The review sits within a wider portfolio check under new Nestlé chief executive Philipp Navratil, and at least nine US Blue Bottle shops have unionized.
